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Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 nine years from now. (PV of S1, FV of

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Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 nine years from now. (PV of S1, FV of $1. PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. On January 1, a company agrees to pay $16,000 in seven years. If the annual interest rate is 2%, determine how much cash the company can borrow with this agreement. (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Mark Welsch deposits $6,500 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $6,500 plus earned interest must remain in the account 1 years before it can be withdrawn. How much money will be in the account at the end of 1 years? (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

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